Every year, the United States IRS requires that Aisle Planner provide a form called a 1099-K to each account holder that has accepted an online payment through Aisle Planner’s online payment platform AND has met ALL of the following criteria in the previous calendar year:
Account is based in the United States (owners do not need to be US citizens.) AND
Has accepted more than $20,000 USD in total gross volume through Aisle Planner online payment acceptance in the previous calendar year AND
Has accepted more than 200 charges in the previous calendar year
The 1099-K is an informational form that summarizes the sales activity of your account and is designed to assist you in reporting your taxes. It is provided to you and the IRS, as well as some US states.
If you’re making use of Aisle Planner’s online payment feature AND have met the the criteria listed above, you will receive an email in January of each year from Aisle Planner with your 1099-K tax forms you’ll need to file for your taxes.
If you have accepted online payments through Aisle Planner, have meet ALL criteria and do not receive an email regarding your tax forms before the end of January, please contact us at email@example.com for assistance.